iMove Secures B Round of Venture Financing

Immersive Video Company Funded by Oxantium Ventures
PORTLAND, Ore. & WASHINGTON--(Business Wire)--
iMove Inc, the leader in immersive video solutions for
mission-critical security and surveillance applications, announced
today the completion of a $4.25 million round of venture financing.
Oxantium Ventures, a premier technology investment firm, is the lead
investor in this second round of funding. Drew Bewick from Oxantium
Ventures will join the iMove Board of Directors.

iMove's software integrates multi-stream video from standard
surveillance cameras providing users with an unprecedented immersive
video experience. Its wide-area immersive view solutions overcome the
limitations of today's video surveillance products to give customers
situational awareness critical to threat detection and response.
iMove's solutions, used world-wide to protect lives and property,
range from small, man-portable video mapping solutions to
large-facility, real-time video surveillance. All solutions employ
iMove's leading immersive-view software integrated with
commercially-available IT and broad-band video technology.

"Our success with immersive video solutions fielded over the past
24 months with leading national security agencies has created
significant new customer opportunities," said iMove's President and
CEO, John Herring. "This investment enables us to expand our business
and operations and continue to deliver best-of-class service to our
customer base. "We are especially proud that Oxantium with its strong
strategic market insight into iMove's business has joined as an
investor and Board participant."

"Oxantium is pleased to be the lead investor for this round of
investment in iMove," said Oxantium's Drew Bewick. "iMove's business
potential and the superiority of its solutions led us to believe iMove
solutions have multiple applications in other areas of computing
beyond the important critical infrastructure protection market;
technologies like this will become increasingly important as immersive
environments merge virtual worlds with physical reality. This
investment fits well with Oxantium's portfolio strategy; especially
since iMove's open architecture integrates so easily with other
applications."

In related news, iMove recently opened offices in the Washington
D.C. area and relocated its Portland headquarters to new facilities
that provide increased space for operations and product integration.

About iMove:

iMove is the leading provider of immersive visual solutions for
mission-critical security and surveillance applications. iMove's
solutions deliver higher resolution visual information and expanded
situational awareness using automated features to dramatically enhance
mission performance while reducing cost and complexity. iMove's
solutions are deployed at home and abroad for the prevention of
potentially catastrophic incidents associated with critical
infrastructure and for national security and special operation forces
mission planning and training systems. Please visit www.imoveinc.com
for more information.

About Oxantium Ventures:

Oxantium Ventures is a premiere technology investment group
supporting companies at seed, early and growth stage by providing
capital, insight, and years of experience in research, industry and
government. Headquartered in Washington, DC with a global investment
strategy Oxantium's team invests to shape tomorrow by empowering
passionate and talented entrepreneurs from imagination to innovation
to commercialization. Its technology focus areas include emerging
computing, wireless everywhere, collaboration, and enabling
technologies. To learn more about Oxantium, visit
www.oxantiumventures.com.

iMove
John Herring, 503-310-0991
jherring@imoveinc.com
or
Oxantium Ventures
Drew Bewick, 202-289-3337
drew@oxantium.com

Copyright Business Wire 2008